Originally posted by no1marauder
I'm sorry you can't read; the article talks about far more than a four year period.
I'll await your cite to figures supporting your initial claims. Please don't use per capita GNP or GDP; this hardly means the "average citizen" is prospering.
GM's car sales in China are up 50% this half year and sales in China have now eclipsed US sales.
China's increasing meat consumption (an indicator of prosperity) has skyrocketed to the point where grain prices have doubles mostly due to that factor alone.
China has gone from a huge oil exporter to importing more oil than the US
China has been close to double digit annual economic growth for a long time now, a circumstance which coincided exactly with privatization.
With all of that, the Gini index of China is roughly the same as the US'
Patrick Tyler, long time journalists for liberal papers NY Times and Washington Post and who literally wrote the book on US-China relations (http://en.wikipedia.org/wiki/A_Great_Wall:_Six_Presidents_and_China), had this to say about the capitalist reforms of Deng Xiaoping:
In the 18 years since he became China's undisputed leader, Mr. Deng nourished an economic boom that radically improved the lives of China's 1.2 billion citizens. By early in the next decade, the reforms Mr. Deng ignited may well propel China's economy to the position of third largest, after the United States and Japan, but China's prosperity will be diluted by the increasing number of Chinese. Nearly 270 million will not have jobs at the turn of the century.
Still, in cities and in villages, real incomes more than doubled in the Deng era. Most Chinese who have watched a television or used a washing machine or dialed a telephone have done so only since Mr. Deng came to power. The struggle to survive in the Chinese countryside has greatly eased.
A friend of mine who goes to China on business every so often tells me that every few years when he goes, the technology and development of Chinese cities increases exponentially between every visit.
You want to argue that China should learn from western mistakes and regulate their banking industry? Fine. But the implication that Chinese capitalism has not helped the common Chinese people is mind boggling in its brazenness.
You don't like capitalism. We get it. But it's no use trying to re-write facts about current events that every 10 year old knows as fact. China's capitalism has been a historic boon for its country and its people.